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Wednesday, 17 April 19
ONCE AGAIN WE FACED WITH THE SITUATION OF THE DRY BALTIC INDEX BEING BELOW 1,000 POINTS - INTERMODAL
 Once again we are faced with the situation of the Dry Baltic Index being below 1,000 points. In a market where the feeling of insecurity is almost a given, the continuous decline in the dry bulk rates has stopped any ambitions owners might have had for SnP transactions.
With the American President announcing new tariffs on iron ore imports and his aspirations to strengthen the US steel industry, concerns are rising in the market. On the other hand, cause for concern is caused by China weakening after a number of years when the oversupply of raw materials as well as global trade as a whole were largely dependant on the growth of Chinese growth rates. Therefore, the only possible solution for the recovery of the shipping market is scrapping. Fortunately, the current scrap value for dry bulk carriers is around $430/ldt for small tonnage vessels up to $470/ldt for big tonnage vessels. Increasing scraping activity is a visible solution that could give a future boost in the dry bulk market. To put things into perspective, the first signs with regards to scraping for the q1 2019 are positive, together with a small decline in dry NB orders, when comparing in both markets with the q1 2018.
The correction on values in the dry bulk market has created some expectations that we might witness the same levels in asset values as in 2016. However, the freight market is not at the same levels like 2016 and with the new regulations coming into force, this specific scenario does not look like it will be easily materialised, as the variables are vastly different. However it is worth analysing where the market currently stands in every segment.
In the Capesize sector it is indicative that vessels of any age do not to have any buying interest, and last week we had the first sale of a capesize in 2019.
In the Panamax/Kamsarmax sector we are seeing a lot of interest especially from Greek buyers, for vessels build from 2004 to 2008, as they possibly anticipate a healthier freight market in the near future or are look to resell when the freight rates increase. A representative example is the Kamsarmax ‘YARRAWONGA’ (82,624dwt-blt ‘08, Japan) were around 10 potential buyers inspected without being sure if the vessel is going to be sold definitely.
In the Supramax sector, we observe specific ship-owners showing interest into Japanese vessels, together with some Greek owners who consider selling their tonnage into more premium levels.
Lastly, over the past few weeks, the majority of sales were on the Handysize sector. It has been some time since we saw sales of Chinese vessels since the Carval deal where, even though it was an en-bloc deal, despite the minimal buying interest shown in the specific vessels, they were sold in line with the last done deal of December ‘BONNIE VENTURE’ (32,500dwt-blt ‘12, China).
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Tuesday, 05 May 20
SUPRAMAXES: YTD SLIDE HAS BEEN 45%, WITH THE AVERAGE FOR 2020 TCA HOLDING AT US$5,793 - ALLIED
It has been almost three months since the WHO officially categorized the current coronavirus outbreak as a global pandemic, an outbreak that has br ...
Monday, 04 May 20
U.S. ESTIMATED COAL PRODUCTION FALL 39.4% YEAR ON YEAR IN THE WEEK ENDED APRIL 25 - EIA
Estimated U.S. coal production totaled about 8.6 million short tons (MMst) For the week ended April 25, 2020, says EIA in its latest report.
E ...
Saturday, 02 May 20
SUPRAMAX: ASIA, STRONGER NUMBERS - A 55.000-DWT WAS FIXED FROM INDONESIA TO CHINA IN THE MID $6,000S - BALTIC BRIEFING
Capesize
A tepid week for the big ships, as macro concerns continued to weigh heavily on the index. All of the major voyage routes lost value, ...
Friday, 01 May 20
KOSPO INVITED OFFER FOR 5600 NCV COAL FOR Q3 2020 LOADING
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 260,000 Metric Tons (MT) steam coal for Boryeong Power ...
Friday, 01 May 20
GLOBAL COAL DEMAND TO FALL BY ABOUT 8% IN 2020,THE LARGEST DROP SINCE WORLD WAR II - IEA
We expect global coal demand to fall by about 8% in 2020, the largest drop since World War II, with coal use declining in virtually every sector of ...
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- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- Bhatia International Limited - India
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
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